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Overview

Auto Repair and Service Shops

Independently Owned, Established and Very Profitable Auto and Tire Center

Price: $400,000

Listing ID: TIRES2

Entity Classification(M): Limited Liability Corporation

Year Established: 2007

Annual Sales: $1,142,594

Seller Discretionary Earnings: $230,767

SDE Multiple: 1.7x

SDE Margin 20.2%

FF&E: $50,000

Days & Hours of Operation: Monday – Friday, 7:30 am – 5:30 pm, Closed Saturday & Sunday

Full-time Employees: 4

Part-Time Employees: 2

Reason For Sale: Other Interests

Reason for Sale Comments: Owner pursuing other opportunities and businesses.

Limited Seller Financing: Seller will consider some financing to the right qualified buyer.

SBA Pre-Approved: Yes

SBA Lender: Diamond Financial

Listing Status:


Summary

Description:

UNIQUE OPPORTUNITY to own a turn-key automotive repair and tire center in a fast-growing area! Utilizing state-of-the-art equipment and technology in all areas of the business, including auto/tire repair, scheduling and marketing, this full-service shop’s gross revenues exceeded $1M in 2021, and is projected to as well in 2022. This 15-year-old business has served 11,000 customers and enjoys an excellent reputation in the community. Advantages to owning this business: • Highly trained and qualified technicians with an average of 10 years of service • Beautiful facility: 6,000 SF with 4,000 SF shop floor area with room to expand the operation both inside and outside • Fully optimized web presence and marketing platforms • Strong email database of approximately 3,000 • Located in the middle of an area experiencing rapid growth and traffic Do not miss out on this unique opportunity – inquire today!

Historical Summary:

Current owner is the founder of this thriving business, started in 2007.

Competition:

With many competitors in the market area, this business competes on the basis of employing better qualified technicians and more efficient service, and is very competitive with price.

Growth & Expansion Opportunities:

With the location of this business in a growing and thriving area, a new owner has many opportunities to expand and grow in different areas.

Competitive Advantages:

Independent shops such as this one typically give customers much better value.

Owner Qualifications:

Basic business skills – bookkeeping, personnel, and sales and ability to work with the public. Would not necessarily need to have auto mechanical skills.

Support & Training:

Seller will support and train a new owner. Length of time and salary required is negotiable.

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Joe Vagnone

Senior Broker – Charlotte, NC

Office: (919) 341-1100

Cell: (704) 577-8030

Contact Listing Broker

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Real Estate Transaction Handled by

2009 Caminos Drive, Raleigh, NC 27607

Real estate agent's disclosure Form

Location: Catawba County, NC

Facilities Type: Stand Alone

Monthly Rent: $8,250

Building Square Feet: 6,000

Facilities Description:

6,000 SF, 4,000 is shop, and 2,000 is office / waiting area, customer / employee restrooms, and an employee break area.
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